Evaluate Whether a Health Savings Account Is Beneficial to You

Evaluate Whether a Health Savings Account Is Beneficial to You

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds to meet future medical needs. Here are four tax...
Investment Swings: What’s the Tax Impact?

Investment Swings: What’s the Tax Impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to...
Spouse-Run Businesses Face Special Tax Issues

Spouse-Run Businesses Face Special Tax Issues

Do you and your spouse operate a profitable unincorporated small business together? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless...
Plan Now for Year-End Gifts with the Gift Tax Annual Exclusion

Plan Now for Year-End Gifts with the Gift Tax Annual Exclusion

With Labor Day behind us the holidays are just around the corner. During the holiday season many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of...